APRIL 26 2017

Good morning and welcome to Issue 982 of Exchange Invest which corresponds to the Porsche 718 Boxster post 2016 model…

In Today’s Exchange Invest

Glass Lewis urges DB1 shareholders not to endorse DB1 board actions (somewhat potentially seismic that), LME Precious delayed a month until July, Palestine SE loses money and there’s more…

It’s an early EI today as I am off to focus on Prosperity UK. I’lll be playing a bit part role in the panel with Michael Spencer and Jeff Sprecher on Euro clearing and much more as Prosperity UK shapes the agenda for the future of Brexit Britain and how our wonderful world progresses.

In BigWorld

To which end, I see Prosperity UK dominating the British agenda today in all matters economic and business at the nexus with politics – a marvellous dinner with considered insights from Paul Marshall and Lord Hill got things off to a fabulous start last night with the Hatfield House dinner. Thanks to the excellent organising team, sponsors Barclays and the Marquess of Salisbury for hosting a veritable “who’s who” of British and international business at his home last evening.

Public Markets

LSEG Q1 Results
LSEG

PLY: Just in as EI races to pixel, revenue up 18%, ahead of analyst forecasts by 2%. Encouraging.

Deutsche Boerse : Glass Lewis Urges Vote Against Deutsche Boerse Board Actions
Reuters

PLY: A remarkable move by Glass Lewis, unhappy about endorsing the German tradition of shareholders signing off on management activity during the past year.

Palestine SE Post Q1 Loss
Reuters

PLY: Source data here. Clearly the parish will sigh with relief that LSE immediately ensured this was not a trend in loss making results.

EU Bankers Say ‘No’ To More New Bank Rules Ahead Of Brexit
Reuters

Plus500 Agrees To Settlement With Belgian Financial Regulator
Financial Times

LME Gets A New CEO; Now For The Tricky Part: Andy Home
Reuters

First Derivatives Predicts Profit Will Soar To £144m
Belfast Telegraph

London Stock Exchange Group Plc Transaction In Own Shares
MondoVisione

Private Markets

Irish SE Announces 2017 #IPOready Programme
MondoVisione

BSE International Exchange To Start Single Future Trading From Friday
Moneycontrol.com

Brexit Should Leave LSE Worried for Future Listings, Irish Say
Bloomberg

PLY: Punchy interview from Aileen O’Donoghue of the Irish SE.

OpenDoor Re-Boots U.S. Treasury Market With Dedicated All-To-All Trading Platform
MondoVisione

SEBI To Discuss Proposal Limiting ISINs To Consolidate Bond Market
The Indian Express

Tel Aviv Exchange’s New CEO Calls For Drop In Capital Gains Tax
Reuters

Mandatory Notification Of Trades – Oslo Børs VPS Holding ASA
MondoVisione

Special Section: FTI, NSEL, India at the Crossroads

No news today.

Technology

Vela Launches European Best Bid Offer Solution – Providing A Consolidated View Of Liquidity, Essential For Cross-Market Trading And Best Execution
MondoVisione

Products

LME To Delay Launch Of Precious Metal Contracts
Reuters UK

Saudi Exchange May Be Ready For Equity Futures, Options In 24 Months
Reuters UK

Euronext To Launch New Fund Service In Paris
MondoVisione

Career Paths

The Board of the Financial Conduct Authority (FCA) has appointed an additional six members to the FCA’s Regulatory Decisions Committee (RDC) under Chairman Tim Parkes.

The newest members appointed to the RDC are Karen Johnston and Nick Lord. They join Stuart McIntosh, Philip Marsden, Robin Mason and Malcolm Nicholson who were appointed last year.

Crowdfunding

One Year In, Equity Crowdfunding Is Still Waiting For Its Moment
Fast Company

eVestment Expands Analytics, Insights Capabilities For Private Real Estate As Institutional Investors Continue To Explore Private Markets
MondoVisione

Other Stories

ESMA Publishes An Opinion On MAR Accepted Market Practices On Liquidity Contracts

European Union: High-Level Response To JC Discussion Paper 2016 86 On The Use Of Big Data By Financial Institutions

CFTC Adds 71 Names To Its List Of Foreign Entities That Illegally Solicit U.S. Residents To Trade Binary Options And Forex – Registration Deficient (RED) List On CFTC Website Identifies Entities Operating Illegally Without Being Registered

An early read, I am off to Prosperity UK as I type, have a great day!

All the best,

Patrick

Patrick L Young
Executive Director DV Advisors

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